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Explainer: Why Asia’s biggest economies are backing hydrogen fuel cell cars

5 hours ago DieselGasoil Comments Off on Explainer: Why Asia’s biggest economies are backing hydrogen fuel cell cars
TOKYO (Reuters) – China, Japan and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next decade at a cost of billions of dollars. FILE PHOTO: An Air Liquide hydrogen station for hydrogen fuel cell cars is seen in Paris, France, October 13, 2016. Read More

FACTBOX: Oil falls after Saudi Arabia calms market over restoring supplies

6 hours ago DieselGasoil Comments Off on FACTBOX: Oil falls after Saudi Arabia calms market over restoring supplies
London — Oil prices fell Tuesday, giving back more than half of Monday’s surge, after Saudi energy minister Prince Abdulaziz bin Salman said he expects most of the country’s lost crude production to be restored within two weeks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The fast recovery Read More

Brazil clears new pesticides as government aims to speed approvals

8 hours ago DieselGasoil Comments Off on Brazil clears new pesticides as government aims to speed approvals
SAO PAULO (Reuters) – Brazil’s Agriculture Ministry on Tuesday approved 63 pesticides for commercial use as the government seeks to reduce a backlog of applications for new agricultural chemicals. In a statement, the ministry said 56 of the new approvals were for generic products with active ingredients already in use in Brazil. Seven of the Read More

Iraq signs deal with Boskalis that could almost double oil exports capacity

11 hours ago DieselGasoil Comments Off on Iraq signs deal with Boskalis that could almost double oil exports capacity
Amman, Jordan — Iraq signed a heads of agreement with Dutch firm Boskalis to build an artificial island south of the Abot tanker terminal in the Persian Gulf to almost double its export capacity and increase storage room in three years. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

Singapore high sulfur fuel oil margins flip to positive on Saudi supply uncertainty

22 hours ago DieselGasoil Comments Off on Singapore high sulfur fuel oil margins flip to positive on Saudi supply uncertainty
Singapore — Singapore high sulfur fuel oil margins turned to positive territory in mid-morning trade Tuesday as sentiment was lifted by supply uncertainty arising from the drone attacks on Saudi Arabia’s key oil facilities. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The crack spread for October 180 CST Read More

Indonesia’s July gasoline imports drop to lowest level in 2019 at 1.1 mil mt

1 day ago DieselGasoil Comments Off on Indonesia’s July gasoline imports drop to lowest level in 2019 at 1.1 mil mt
Indonesia took in a total of 1.106 million mt of gasoline in July, a stark fall of 21.4% on the month and the smallest volume year to date, detailed figures from Statistics Indonesia showed this week. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The drop had, however, been Read More

FACTBOX: Crude prices soar as Saudi attacks expose tight global spare capacity

1 day ago DieselGasoil Comments Off on FACTBOX: Crude prices soar as Saudi attacks expose tight global spare capacity
New York — Oil prices rallied Monday as markets evaluated the fallout from the attacks on Saudi Arabia’s key Abqaiq processing facility and Khurais oil field over the weekend. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The threat of an extended supply outage from Saudi Arabia, the world’s Read More

US refined product prices jump on Middle East tension

1 day ago DieselGasoil Comments Off on US refined product prices jump on Middle East tension
Houston — US refined product prices — including gasoline, jet fuel, and ULSD — surged Monday as the market digested news of attacks on Saudi Arabia’s oil infrastructure over the weekend. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Sources said refined product markets across the US will find Read More